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Australian ANZ-Roy Morgan consumer confidence declines after two straight weekly gains

Jan 29, 2020 07:15 am UTC| Commentary Economy

Australian ANZ-Roy Morgan consumer confidence declined 0.3 percent last week, after two straight weekly gains. Overall financial conditions was flat, as a decline of 0.5 percent in current finances was balanced by a...

Digital Currency Revolution

Dubai’s DMCC To Unveil Tax-Haven For Cryptocurrencies

Jan 29, 2020 06:07 am UTC| Research & Analysis Digital Currency Commentary

The DMCC (Dubai Multi Commodities Centre), the entity backed by Dubai government has announced their association with Swiss Crypto Valley Venture Capital to setup a cryptocurrency valley in the free zone of the country...

KRW likely to depreciate further along with yuan weakness in the near term, says Scotiabank

Jan 29, 2020 04:35 am UTC| Commentary Economy

The Korean won is expected to depreciate further along with falling KOSPI share index and the yuan weakness in the near term, according to the latest research report from Scotiabank. The 2019 novel coronavirus...

FxWirePro: Asian markets in green, gold slips below $1,570 mark

Jan 29, 2020 03:55 am UTC| Commentary

All the major Asian indices were trading on a higher note on Wednesday. Gold was trading around $1,564 mark while silver was trading around $17.42 mark. Japans Nikkei was trading 0.57 pct higher at 23,345.50...

Australian bonds plunge after Q4 CPI cheers investors amid recovery in financial markets

Jan 29, 2020 03:55 am UTC| Commentary Economy

The Australian bonds plunged during Asian session Wednesday after the countrys consumer price inflation (CPI) for the fourth quarter of this year cheered market investors even as cases of Coronavirus continued to rise in...

U.S. Fed likely to keep interest rate on hold in January

Jan 28, 2020 19:08 pm UTC| Commentary

U.S. Fed is set to meet tomorrow for interest rate decision. According to a TD Economics research report, the Fed officials are expected to almost certainly keep the target range for the funds rate at 1.50-1.75 percent, a...

U.S. consumer confidence continues to rebound in January, index rises to 131.6

Jan 28, 2020 18:07 pm UTC| Commentary

The U.S. consumer confidence rebounded in the month of January. The Conference Boards consumer confidence index rose to 131.6 from 128.2, rising for the second straight month of rebound. The Januarys figure came in above...

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Economy

Russian LNG Shadow Fleet Expands Amid Arctic LNG 2 Sanctions

Russia is intensifying efforts to bypass Western energy sanctions after a liquefied natural gas (LNG) tanker operating under a newly adopted Russian flag was spotted loading fuel linked to the sanctioned Arctic LNG 2...

S&P 500, Nasdaq Hit Record Highs as AI Stocks Rally and Strong Jobs Data Boost Confidence

The SP 500 and Nasdaq closed at fresh record highs on Friday as investors poured into AI-related stocks and welcomed stronger-than-expected U.S. jobs data, reinforcing confidence in the resilience of the American economy....

Dollar Slips as Strong U.S. Jobs Data Reduces Fed Rate Cut Expectations

The U.S. dollar weakened on Friday after stronger-than-expected April jobs data reduced speculation about potential Federal Reserve interest rate cuts. Investor sentiment also improved after President Donald Trump stated...

European Stocks Fall as US-Iran Conflict Rekindles Energy Supply Fears

European stock markets closed lower on Friday as renewed military tensions between the United States and Iran rattled investor confidence and intensified concerns about global energy supplies. The escalating conflict...

Gold Prices Rise as Weaker Dollar and Iran Ceasefire Hopes Boost Safe-Haven Demand

Gold prices climbed on Friday and were set for a strong weekly gain as the U.S. dollar weakened following the latest U.S. jobs report. Investors also turned to safe-haven assets amid ongoing tensions in the Middle East and...

Politics

Israel’s Secret Iraq Base Allegedly Supported Iran Air Campaign, WSJ Reports

Israel reportedly established a covert military outpost deep in the Iraqi desert to support its recent air campaign against Iran, according to a Wall Street Journal report citing sources familiar with the operation,...

Senate Stablecoin Bill Sparks Clash Between Banks and Crypto Industry

A major fight over U.S. crypto regulation is heating up as lawmakers prepare to advance the CLARITY Act, a proposed bill designed to create a clear regulatory framework for digital assets and stablecoins. The legislation...

Trump-Xi Beijing Summit to Focus on Trade, Taiwan, and Boeing Deal

U.S. President Donald Trump is set to meet Chinese President Xi Jinping in Beijing from May 14 to May 15, marking the first visit by an American president to the Chinese capital in nearly ten years. According to Reuters,...

Trump Reportedly Approves Plan to Remove FDA Commissioner Marty Makary Amid Growing Controversies

President Donald Trump has reportedly approved a plan to remove U.S. Food and Drug Administration (FDA) Commissioner Marty Makary, according to sources familiar with discussions inside the White House. While officials say...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

Science

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

Technology

AI-Driven Inflation Raises U.S. Consumer Prices, Goldman Sachs Says

Artificial intelligence is starting to increase U.S. consumer prices through rising costs in electronics, software, and electricity, according to a new Goldman Sachs report. The investment bank said AI-related inflation...

Judge Delays SEC Settlement With Elon Musk Over Twitter Stock Disclosure Case

A federal judge has declined to immediately approve a proposed $1.5 million settlement between Elon Musk and the U.S. Securities and Exchange Commission (SEC) tied to Musks 2022 Twitter stock purchase disclosures. The...

Broadcom Eyes $35 Billion AI Chip Financing Deal With Apollo and Blackstone

Broadcom Inc. is reportedly in discussions with Apollo Global Management and Blackstone Inc. to secure around $35 billion in financing for its expanding artificial intelligence chip business, according to a Bloomberg...

Dell Stock Hits Record High After Trump Endorsement, AI Server Demand Fuels Rally

Dell Technologies Inc. (NYSE: DELL) surged to an all-time high on Friday after receiving a public endorsement from President Donald Trump during a White House event. The president encouraged Americans to go out and buy...

TikTok Nears $400 Million Settlement With Trump Administration Over Child Privacy Lawsuit

TikTok and the Trump administration are reportedly close to reaching a $400 million settlement tied to allegations that the popular video-sharing platform violated U.S. child privacy laws. According to ABC News, the...